Xiaomi announced that the heaviest pressures on its smartphone business have likely passed, even as second-quarter earnings missed analyst projections due to elevated component prices. High memory costs severely squeezed margins across its mobile division, but management expects cost inflation to temper throughout the second half of the year as its fast-growing electric vehicle (EV)…
US prices rose 3.4% in the year to July, slightly lower than the 3.5% in the year to June, new figures show. Energy remained volatile as the Middle East conflict has continued. While gasoline prices were down 2.9% in July compared to June, they were up 24.6% over the year. Month to month, inflation rose…
Khimji Ramdas Group Chooses Rimini Street to Reduce SAP Support Costs, Protect 700+ Customizations and Reinvest Savings in Innovation Rimini Street, Inc. (Nasdaq: RMNI), the Software Support and Agentic AI ERP Company™ and the leading third-party support provider for Oracle, SAP and VMware software, today announced that Khimji Ramdas Group, one of Oman’s largest privately…
Nairobi — African governments and aviation industry leaders are pushing for faster implementation of open-skies policies, warning that fragmented air transport markets are raising business costs and limiting the benefits of the African Continental Free Trade Area. A high-level working session ahead of the Africa Mindset Reset Forum in Kigali found that Africa has much…
OpenAI’s latest announcement introduces “fast mode” for GPT-5.6 Sol. ChatGPT developer OpenAI has cut the cost of its GPT-5.6 artificial intelligence (AI) models by as much as 80% and introduced faster processing for its premium model. This, as competition intensifies among AI providers to make enterprise AI more affordable and scalable. The company announced yesterday…
Google parent Alphabet saw its business continue to grow in recent months, yet growing spending on artificial intelligence (AI) infrastructure put its leftover cash into negative territory. The company’s free cash flow, the cash it maintained after paying for operations and investments, came in at negative $5.9bn (£4.3bn) for the first time in at least…
A study conducted by Altron Digital Business (ADB) found that a staggering 88% of South African employees agree that technology enables them to do their best work. ADB concluded the benchmark study, focusing on how employees experience technology across eight major institutions in the financial services industry. The Employee Technology Experience Index (TEXI) measured employee…
Employees having to search for data they need to do their jobs costs businesses precious manhours. (Image source: 123RF) Organisations are losing an entire workday each week due to employees spending time searching for information needed to do their jobs, which is a growing concern, warns technology consultancy CMPNY. The consultancy cites research by global…
The price of letting an AI write your code is rising fast, and by 2028 it could rival what you pay the developer sitting next to it – sooner in lower-cost markets than in Silicon Valley. That is the warning from research firm Gartner, which predicts that AI coding costs will approach or surpass the…
Pre-orders for Grand Theft Auto VI (GTA VI) officially went live in South Africa, giving eager fans their first look at local pricing for what is expected to be one of the most lucrative video games of all time. The standard edition of the highly anticipated crime title is priced at R1,499, while the deluxe…
